Romania in the news: Last week in headlines

In case you missed it, Business Review brings you a round-up of this past week’s main headlines. From the latest changes to the Fiscal Code to developments in consumption behavior, from top management changes to financial revenues of companies operating locally, or from upcoming services to upcoming concerts in Romania- take your pick!

CONSUMPTION HABITS & RETAIL

• Romanian retail sees third sharpest drop in the EU in June, says Eurostat

• Consumption desire in Romania declines by 22.5 percent in unfavorable European context

• Romanians pay only 2.2 euro cents/minute for mobile services, the second cheapest prices in the EU

• More than half of internet users in Romania’s largest cities want to buy a smart device

• The new generation of Asus notebooks hits Romanian stores, other launches will take place in Q4

• Mega Image takes over five Gulliver stores in Bucharest which will operate under the Mega Image and Shop & Go brands

MONEY

• The changes to the Fiscal Code were published this week in the Official Registry

• Romanian National Bank slashes key interest rate beyond analysts’expectations

• Romanian National Bank wants interest for loans in RON to approach the level of foreign currency loan interest

• The Romanian Post launches financial-banking services and franchise system under its own brand

ENERGY

• The Iasi- Ungheni gas pipe project is approved and will be implemented using European money

INDUSTRY

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• Dacia gains ground in Great britain, Germany and France

MEDIA

• New move on media market: Burda International takes over Sanoma Hearst portfolio in Romania

ONLINE

• Airline passengers may soon enjoy faster and free internet connection on their flight

• Facebook introduces internal Graph Search algorithm for all those who use U.S. English

TELECOM

• Romanian Severina Pascu becomes CEO of Romania and Hungary

• Romtelecom loses clients on voice but boost internet and TV customer base

• Cosmote posts stable revenues in the second fiscal quarter

COMING UP:

• Pink Floyd legend Roger Waters brings the show The Wall to Bucharest